Category: ICAI
ICAI launches a separate website for its disciplinary function / mechanism Institute of Chartered Accountants of India (ICAI) has launched a separate website for its disciplinary function. The digitisation of disciplinary function of the ICAI is a welcome step. The said portal separately deals with disciplinary mechanism and …
ICAI releases Guidance Note on “Subsequent Events –Key Audit Considerations amid COVID-19” ICAI has released an Auditing Guidance on “Subsequent Events –Key Audit Considerations amid COVID-19” for the benefit of the members. The guidance note highlights the key areas where focus is desired due to Covid-19 pandemic on …
ICAI advisory cautioning on fake social media pages of the Institute operated illegally with ICAI’s name and logo. List of verified Social Media Accounts ICAI Announcement ICAI Advisory for Members, Students of the Institute of Chartered Accountants of India (ICAI) and Public at Large in respect of Fake …
Retrospective Restoration of ICAI Membership/COP for 2019-2020. Form 9 / Form 101 and applicable fee can be submitted till midnight of 31st May 2020 Retrospective Restoration of ICAI Membership/COP for 2019-2020 ICAI Announcement The sudden developments in regard to corona virus pandemic in the country have resulted in …
ICAI Guidance Note on Physical Inventory Verification– Key Audit Considerations amid COVID-19 ICAI has issued a Guidance Note on Physical Inventory Verification– Key Audit Considerations amid COVID-19 situation to help auditors effectively discharge their obligations. ICAI Guide on Physical Inventory Verification– Key Audit Considerations amid COVID-19 Physical verification …
No bar on acceptance of more than 15% fees from a single client by chartered accountants – ICAI Clarifies that only requirement is of disclosure ICAI Announcement Sub. : Clarification on Fees from a single client As the members are aware, the revised Code of Ethics will come …
ICAI Guidance Note and FAQ on Going Concern Key Considerations for Auditors amid COVID-19. The going concern concept is a fundamental principle of accounting. It assumes that an entity will remain in business for the foreseeable future. An entity is assumed to be a going concern in the absence …
ICAI advisory for Statutory Bank Branch Auditors Specific Considerations while conducting Distance Audit / Remote Audit / Online Audit of Bank Branch under current Covid-19 situation ICAI has issued an advisory to its Chartered Accountants with illustrative list of considerations to be followed kept in mind for undertaking …
ICAI Revised FAQs on UDIN for Bank Audits-When Separate UDINs required? ICAI in its earlier FAQ on UDIN had clarified that UDIN not mandatory for Statutory Bank Audit. However, for all Certificates to be signed while conducting Bank Audit, generation of UDIN is mandatory. ICAI has issued the …
ICAI issues an addendum and revises its Guidance Note on Audit of Banks 2020 Edition ICAI issues Addendum to Guidance Note on Audit of Banks, 2020 Edition ICAI, in view of the RBI circular no. RBI/2019-20/186DOR.No.BP.BC.47/21.04.048/2019-20 dated March 27, 2020 and RBI Circular dated 17th April, 2020 …
